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Apple pulls Binance, Kraken, other crypto apps from India App Store
Apps of as many as eight crypto exchanges including Binance, Kraken, Mexc and Kucoin have disappeared from Apple's App Store in the country, less than two Binance, Kraken, Mexc, Kucoin and five other crypto exchanges flagged for operating "illegally" in India have been pulled from the App Store in the country
Many Indian traders had switched to global cryptocurrency platforms in recent quarters in an apparent move to evade taxes. While India-based crypto exchanges including a16z-backed CoinSwitch Kuber, B Capital-backed CoinDCX and former Binance-partner WazirX continue to require rigorous know-your-customer verifications before onboarding new users, the same hasn’t been true of many global platforms. (Trading volume on WazirX has dropped by a staggering 97% in two years partly because many traders have moved to global apps.)
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